European equity close: Italy lags as parliament dissolved

Markets are trying to come to grips with the surprise ECB 50 bps, the Transmission Protection Instrument, flows resuming in Nord Stream 1 and Italy dissolving parliament.

That’s a lot to take in and it led to a choppy day of trading

  • Stoxx 600 +0.3%
  • German DAX -0.6%
  • French CAC flat
  • Spain IEX -0.3%
  • Italy MIB -1.0%

Global markets are having a nice rally in the past week or so but Italy isn’t participating.

Italy MIB chart July 21